Gatineau

HEXO Corp. Announces Final Closing of Early Conversion Option for Debentures

Retrieved on: 
Tuesday, June 30, 2020
Finance, Economy, Money, Corporate finance, Debenture, Debt, Convertible bond, Conversion, Option

OTTAWA, June 30, 2020 (GLOBE NEWSWIRE) -- HEXO Corp. (HEXO, or the Company) (TSX: HEXO; NYSE: HEXO) today announced the final closing of its previously announced early conversion option (the Early Conversion Option) in respect of $29.86 million aggregate principal amount of its outstanding $70 million aggregate principal amount of 8% unsecured convertible debentures maturing December 5, 2022 (the Debentures).

Key Points: 
  • OTTAWA, June 30, 2020 (GLOBE NEWSWIRE) -- HEXO Corp. (HEXO, or the Company) (TSX: HEXO; NYSE: HEXO) today announced the final closing of its previously announced early conversion option (the Early Conversion Option) in respect of $29.86 million aggregate principal amount of its outstanding $70 million aggregate principal amount of 8% unsecured convertible debentures maturing December 5, 2022 (the Debentures).
  • Together with the $23,595,000 aggregate principal amount of Debentures converted into 29,493,750 Conversion Units in an initial closing on June 10, 2020, the Company has converted a total of $29,860,000 aggregate principal amount of Debentures into 37,325,000 Conversion Units under the Early Conversion Option.
  • The Conversion Shares are subject to restrictions against resale for 12 months from issuance as part of the terms of the Early Conversion Option.
  • Debentureholders who did not accept the Early Conversion Option are not entitled to the benefit of the Early Conversion Option and will not receive the Conversion Units issuable upon conversion of the Debentures subject to the Early Conversion Option, and retain their full rights under the Debentures including their existing conversion rights.

INDIGENOUS BUSINESS COVID-19 RESPONSE TASKFORCE LAUNCHES NEW RESEARCH FINDINGS

Retrieved on: 
Friday, June 26, 2020
Gatineau, Indigenous and Northern Affairs Canada

Toronto, ON, June 26, 2020 (GLOBE NEWSWIRE) -- A survey led by the Indigenous Business COVID-19 Response Taskforce has found an urgent need for additional liquidity financing and support services for Indigenous businesses.

Key Points: 
  • Toronto, ON, June 26, 2020 (GLOBE NEWSWIRE) -- A survey led by the Indigenous Business COVID-19 Response Taskforce has found an urgent need for additional liquidity financing and support services for Indigenous businesses.
  • The Indigenous Business COVID-19 Response Taskforce brings together the leadership of First Nations, Inuit, and Mtis organizations to provide the Government of Canada with a single, unified Indigenous business voice during this time of crisis.
  • The survey of 838 Indigenous business owners and executives was conducted between April and May 2020 and supported by Indigenous Services Canada.
  • Through this unprecedented collaboration, we hope to see an increase in Indigenous representation in government procurement, said the members of the Indigenous Business COVID-19 Response Taskforce.

HEXO Corp. Announces the Sale of its Niagara Facility

Retrieved on: 
Wednesday, June 17, 2020
Cannabis, Cannabis smoking, Entheogens, Euphoriants, Medicine, Drugs, Psychoactive drugs

OTTAWA, June 17, 2020 (GLOBE NEWSWIRE) -- HEXO Corp. (HEXO, or the Company) (TSX: HEXO; NYSE: HEXO) today announced that it completed the previously disclosed sale of its Niagara, Ontario facility for proceeds of approximately $10.25 million on June 15, 2020.

Key Points: 
  • OTTAWA, June 17, 2020 (GLOBE NEWSWIRE) -- HEXO Corp. (HEXO, or the Company) (TSX: HEXO; NYSE: HEXO) today announced that it completed the previously disclosed sale of its Niagara, Ontario facility for proceeds of approximately $10.25 million on June 15, 2020.
  • The sale of the Niagara facility included land and greenhouse facilities, as well as certain equipment.
  • The Company expects to use the proceeds from the sale of the Niagara facility to fund additional expansion of its Belleville, Ontario facility and for working capital and other general corporate purposes.
  • The Company serves the Canadian adult-use markets under its HEXO Cannabis and Up Cannabis brands, and the medical market under HEXO medical cannabis.

HEXO Corp. Announces C$34,500,000 At-the-Market Offering Program

Retrieved on: 
Wednesday, June 17, 2020
Medicine, Herbalism, Medicinal plants, Cannabis, Health sciences, Cannabis smoking, Entheogens, Medical cannabis, Legality of cannabis

OTTAWA, June 17, 2020 (GLOBE NEWSWIRE) -- HEXO Corp. (HEXO, or the Company) (TSX: HEXO; NYSE: HEXO) today announced that it has established an at-the-market equity program (the ATM Program) that allows the Company to issue up to C$34,500,000 (or its U.S. dollar equivalent) of common shares (the Common Shares) from treasury to the public from time to time, at the Companys discretion.

Key Points: 
  • OTTAWA, June 17, 2020 (GLOBE NEWSWIRE) -- HEXO Corp. (HEXO, or the Company) (TSX: HEXO; NYSE: HEXO) today announced that it has established an at-the-market equity program (the ATM Program) that allows the Company to issue up to C$34,500,000 (or its U.S. dollar equivalent) of common shares (the Common Shares) from treasury to the public from time to time, at the Companys discretion.
  • The volume and timing of distributions under the ATM Program, if any, will be determined in the Company's sole discretion.
  • HEXO Corp is an award-winning consumer packaged goods cannabis company that creates and distributes innovative products to serve the global cannabis market.
  • The Company serves the Canadian adult-use markets under its HEXO Cannabis and Up Cannabis brands, and the medical market under HEXO medical cannabis.

Statement from the Commissioner of Official Languages on the Supreme Court of Canada's decision in Conseil scolaire francophone de la Colombie-Britannique v British Columbia

Retrieved on: 
Friday, June 12, 2020
Conseil scolaire francophone de la Colombie-Britannique, Gatineau, Education in Canada, Geography of Canada

GATINEAU, QC, June 12, 2020 /CNW/ - RaymondThberge, Commissioner of Official Languages, made the following statement today:

Key Points: 
  • GATINEAU, QC, June 12, 2020 /CNW/ - RaymondThberge, Commissioner of Official Languages, made the following statement today:
    "I am delighted with the Supreme Court of Canada's decision in Conseil scolaire francophone de la Colombie-Britannique v British Columbia.
  • This is a major victory for the broad and liberal interpretationand the advancementof language rights in Canada.
  • This decision upholds and reinforces one of our country's fundamental values: our two official languages.
  • It is unfortunate that the community had to go to the Supreme Court of Canada to assert its rights.

Hexo Corp. Announces Initial Closing of Early Conversion Option for Debentures

Retrieved on: 
Thursday, June 11, 2020
Finance, Economy, Money, Corporate finance, Credit, Debenture, Loans, Convertible bond, Conversion

OTTAWA, June 11, 2020 (GLOBE NEWSWIRE) -- HEXO Corp. (HEXO, or the Company) (TSX: HEXO; NYSE: HEXO) today announced an initial closing of its previously announced early conversion option (the Early Conversion Option) in respect of $29.86 million aggregate principal amount of its outstanding $70 million aggregate principal amount of 8% unsecured convertible debentures maturing December 5, 2022 (the Debentures).

Key Points: 
  • OTTAWA, June 11, 2020 (GLOBE NEWSWIRE) -- HEXO Corp. (HEXO, or the Company) (TSX: HEXO; NYSE: HEXO) today announced an initial closing of its previously announced early conversion option (the Early Conversion Option) in respect of $29.86 million aggregate principal amount of its outstanding $70 million aggregate principal amount of 8% unsecured convertible debentures maturing December 5, 2022 (the Debentures).
  • Under the initial closing, $23.595 million aggregate principal amount of Debentures was converted into 29,493,750 units of the Company (the Conversion Units) at a price of $0.80 per Conversion Unit.
  • The Conversion Shares are subject to restrictions against resale for 12 months ending June 10, 2021 as part of the terms of the Early Conversion Option.
  • Debentureholders who did not accept the Early Conversion Option are not entitled to the benefit of the Early Conversion Option and will not receive the Conversion Units issuable upon conversion of the Debentures subject to the Early Conversion Option, and retain their full rights under the Debentures including their existing conversion rights.

HEXO Corp. reports third quarter fiscal 2020 financial results; Net Revenue Up 30% to $22.1 Million, Improved Operational Performance

Retrieved on: 
Thursday, June 11, 2020
Procurement, Subscription, Burwash, Allotment, Economy

On May 21, 2020 HEXO closed a $57.5M underwritten public offering for the purchase and sale of 55,600,000 units and 8,340,000 over-allotment units.

Key Points: 
  • On May 21, 2020 HEXO closed a $57.5M underwritten public offering for the purchase and sale of 55,600,000 units and 8,340,000 over-allotment units.
  • Each unit is comprised of one common share and one-half common share purchase warrant at an offering price of $0.90 per unit.
  • Our team members have demonstrated incredible resolve to ensure we continue to execute at the highest levels and achieve operational excellence.
  • Sebastien St-Louis, CEO, and Stephen Burwash, CFO, will host the call starting at 8:30 a.m. Eastern standard time.

HEXO Corp to Release Third Quarter 2020 Financial Results and Host Investor Conference Call

Retrieved on: 
Friday, June 5, 2020
Cannabis, Cannabis smoking, Entheogens, Euphoriants

For previous quarterly results and recent press releases, see hexocorp.com .

Key Points: 
  • For previous quarterly results and recent press releases, see hexocorp.com .
  • HEXO Corp is an award-winning consumer packaged goods cannabis company that creates and distributes innovative products to serve the global cannabis market.
  • The Company serves the Canadian adult-use markets under its HEXO Cannabis, Up Cannabis and Original Stash brands, and the medical market under HEXO medical cannabis.
  • For more information please visit hexocorp.com .

HEXO launches new Tsunami 30 g flower format exclusively to medical clients

Retrieved on: 
Wednesday, June 3, 2020
Medicinal plants, Entheogens, Euphoriants, Medicine, Herbalism, Health sciences, Health, Cannabis, Cannabis smoking, Medical cannabis

OTTAWA, June 03, 2020 (GLOBE NEWSWIRE) -- HEXO Corp (HEXO, or the Company) (TSX: HEXO; NYSE: HEXO) is proud to launch new 30 gram medical flower format for its popular high-THC strain Tsunami under HEXO medical cannabis.

Key Points: 
  • OTTAWA, June 03, 2020 (GLOBE NEWSWIRE) -- HEXO Corp (HEXO, or the Company) (TSX: HEXO; NYSE: HEXO) is proud to launch new 30 gram medical flower format for its popular high-THC strain Tsunami under HEXO medical cannabis.
  • HEXO is proud to launch a new 30 g format offered in a resealable, odour-proof and child-resistant pouch.
  • This product is being offered exclusively to medical clients and we look forward to continuing to roll out additional strains in this format soon.
  • The Company serves the Canadian adult-use markets under its HEXO Cannabis, Up Cannabis and Original Stash brands, and the medical market under HEXO medical cannabis.

The Government of Canada will provide rent relief for eligible business tenants in all national parks, national historic sites and national marine conservation areas

Retrieved on: 
Monday, June 1, 2020
Environment of Canada, Ottawa River, Conservation in Canada, Environment Canada, Gatineau, Parks Canada, National Parks of Canada, National Marine Conservation Area, National Historic Sites of Canada, National park, Canada, Natural environment

GATINEAU, QC, June 1, 2020 /CNW/ - The Government of Canada is taking further action to support businesses operating in Canada's national parks, national historic sites and national marine conservation areas dealing with the economic impacts of the COVID-19 pandemic.

Key Points: 
  • GATINEAU, QC, June 1, 2020 /CNW/ - The Government of Canada is taking further action to support businesses operating in Canada's national parks, national historic sites and national marine conservation areas dealing with the economic impacts of the COVID-19 pandemic.
  • Over 700 businesses may now be eligible for relief from the Government of Canada under similar eligibility conditions to those of the CECRA program.
  • The Government of Canada will waiveup to 75 percent of eligible commercial rents for the months of April, May and June2020 or equivalent amounts of annual rents.
  • Parks Canada will be contacting all holders of commercial leases and licencesof occupation in national parks, national historic sites and national marine conservation areas to provide details on this additional relief being provided by the government.